Two point one five billion dollars.
That’s how much a conglomerate of business and civic leaders, including Magic Johnson, paid for the Los Angeles Dodgers baseball team last night while you were asleep. Billion. With a B. That’s a lot of cash. A lot of zeros.
How in the world did they come up with that value?
By the team’s performance?
Probably not. They haven’t made the playoffs in 6 years. Haven’t been to the World Series in over 20.
By the organization’s viability?
Hardly. The previous owner had managed them right into bankruptcy court.
So how did a mediocre baseball team sell for more than the GDP of 30 of the world’s countries? It’s actually pretty simple. No economics degree required. The LA Dodgers are worth $2.15 billion dollars….
…because that’s what someone was willing to pay.
If you were being auctioned off on the open market, how much would you be worth?
Well if we take into account your recent divorce, the bad review you just got at your job, the way your dad talked to you when you were a kid, the unbridled frustration you unleashed on your daughter this morning, your underfunded 401(k) and poor budgeting skills, that failed business venture, the messiness of your house, the craziness of your kids, and how you feel when compared to your successful sibling, neighbor, or best friend.
Carry the one.
Multiply by your insecurities.
Maybe a buck seventy five or so? Sounds high?
But that’s the problem with our valuation system. It’s based on our output. Our skills. Prowess. Performance. How other people view us. How we view ourselves. If that’s how the Dodgers were valued, the previous owner would have had to give them away along with a few 5 day passes to Disney Land.
Just like the Dodgers, you’re value is determined by how much someone is willing to pay.
That’s how much you mean to me! That’s how much I love you! I’d sell off the whole world to get you back, trade the creation just for you.” –Isaiah 43:4
God was willing to give it all for you. To send His Son as payment. To buy you out of bankruptcy.
That’s your value.
It’s not determined by how you feel, or by how I feel about you, but by how much God was willing to fork over.
$2.15 billion’s got nothing on you.